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☆ Irate Republicans in Michigan want revenge on their pandemic rules-enforcing attorney general
▼ + stars: | 2022-11-07 | by ( Warren Rojas | ) www.businessinsider.com time to read: +4 min

Attorney general hopeful Matt DePerno is trying to unseat incumbent Dana Nessel in Michigan. Because the only thing Republicans across the Wolverine State seem to expect from the barely known candidate is that his winning will make incumbent Democratic attorney general Dana Nessel suffer like they say they did during the pandemic. hopeful Shane Hernandez, and former Florida attorney general and Trump impeachment lawyer Pam Bondi warmed up the crowd for headliner Tudor Dixon, the Trump-backed candidate challenging incumbent Democratic Gov. "When I'm attorney general: No more lockdowns! DePerno also brought up crime, fentanyl, defunding the police, and parental rights — but didn't say a word about election integrity.

☆ Canada's share buyback tax could backfire, energy sector warns
▼ + stars: | 2022-11-06 | by ( Rod Nickel | Nia Williams | ) www.reuters.com time to read: +4 min

FILE PHOTO: The processing facility at the Suncor oil sands operations near Fort McMurray, Alberta, September 17, 2014. On Thursday, the Liberal government proposed a 2% tax on buybacks to encourage companies to reinvest in their workers and business. The tax will generate an estimated C$2.1 billion ($1.6 billion) over five years and take effect on Jan. 1, 2024. Canada’s four largest producers - Canadian Natural Resources Ltd, Cenovus Energy, Suncor Energy and Imperial Oil - spent C$15.8 billion combined on buybacks in 2022’s first three quarters, according to Tudor Pickering Holt (TPH). The tax may not deter oil companies’ buyback intentions anyway, said Eight Capital analyst Phil Skolnick, who covers the sector.

In reversing the half-century precedent, the court left the power to limit or grant abortion rights to the states. In August, a judge temporarily blocked enforcement of the anti-abortion law, which had been inactive in the decades that Roe v. Wade stood. Gretchen Whitmer, the Democratic incumbent, has been a champion for abortion rights, but she is fending off a challenge from Republican candidate Tudor Dixon, who called the abortion ballot proposition “radical” in a debate with her. Voters will determine whether to alter the state constitution to explicitly say it does not protect a right to abortion or abortion funding. Abortion rights advocates are challenging those laws.

☆ Guy Fawkes Night: What those fireworks and bonfires are all about
▼ + stars: | 2022-11-05 | by ( Francesca Street | ) edition.cnn.com time to read: +11 min

CNN —Every year on November 5, skies across England, Scotland and Wales are illuminated by fireworks as Brits head out into the night to enjoy Guy Fawkes Night celebrations. Also called Fireworks Night or Bonfire Night, this autumn tradition has been a staple of the British calendar for the past 400 years. A photograph from 1955, depicting children at a school in Surrey, England, preparing the Guy Fawkes Night bonfire. What’s Guy Fawkes Night like today? Lewes Bonfire Night celebrationsEffigies of former UK prime minister Boris Johnson and fellow UK Conservative politician Jacob Rees-Mogg are paraded through the streets of Lewes during traditional Bonfire Night celebrations in 2019.

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☆ How Diverse Are the Candidates in the Midterm Elections?
▼ + stars: | 2022-11-05 | by ( Maggie Astor | Eleanor Lutz | ) www.nytimes.com time to read: +11 min

The House of RepresentativesThere are at least 403 people of color, women or nonbinary candidates running for seats in the House of Representatives in Tuesday’s midterm elections. Incumbent Democrat Republican White men women Black men women Hispanic men women Other and multiple race men womenThere are 11 Senate candidates who are Black this year. Democrat Black candidates Republican Ga. Raphael Warnock Ala. Will Boyd Ark. Incumbent Democrat Republican White men women Black men women Other and multiple race men womenThere are 25 women nominated for governor — 16 Democrats and nine Republicans. Democrat Black candidates Republican Ala. Yolanda Flowers Ark.

☆ U.S. oil refiners to keep running at breakneck speeds in fourth quarter
▼ + stars: | 2022-11-04 | by ( Erwin Seba | ) www.reuters.com time to read: +2 min

REUTERS/Bing GuanHOUSTON, Nov 4 (Reuters) - U.S. oil refiners this quarter will run their plants at breakneck rates, near or above 90% of capacity, as tight fuel supplies spur high profits and operating rates, according to company forecasts and analysts surveyed by Reuters. The refining industry has minted huge profits this year on buoyant demand for gasoline, diesel and jet fuel. PBF restarted units idled during the pandemic at its Paulsboro, N.J., plant to produce more diesel and jet fuel, with the company's refineries running at a record-high 980,000 barrels per day last quarter, Young said. Overall, refiners are forecasting production will remain close to third quarter levels, which averaged 92.75%, said Matthew Blair, refining analyst at researcher Tudor Pickering & Holt. Diesel stocks in particular “are well below typical levels and are running at some 20% below the seasonal average,” Paisie said.

☆ Explainer: What U.S. election deniers could do in 2024 if they win this November
▼ + stars: | 2022-11-04 | by ( Tim Reid | ) www.reuters.com time to read: +6 min

Nov 4 (Reuters) - Several Republican candidates for governor and secretary of state in next week's congressional elections are election deniers in battleground states that play a decisive role in U.S. presidential elections. All back former President Donald Trump's false claims that there was widespread fraud in the 2020 presidential election won by Democrat Joe Biden. Voting rights groups and many Democrats worry that if the candidates win their races in these midterm elections, they will be in key positions to influence the outcome of the 2024 presidential election. In Michigan, Republican secretary of state nominee Karamo has claimed Biden is an illegitimate president and she would not have certified his 2020 win in her state. "I could decertify every machine in the state with the stroke of a pen via the secretary of state," Mastriano declared during a March radio interview.

MIDLAND, Mich. — The closing days of Michigan’s midterm elections for governor and other statewide offices have erupted into a scramble, with tightening polls, hostile tones and dire warnings from both parties. “As the state of Michigan goes, so goes the whole country, and as the United States of America goes, so goes the globe,” Democratic Gov. “It’s really about power for them,” Dixon said Wednesday night at a rally here in Midland. “I will always follow the Constitution,” Dixon told reporters after her rally in Midland. “So we got six days, six more days.

☆ Devon Energy shares slump on higher capex, disappointing Q4 output outlook
▼ + stars: | 2022-11-02 | by ( Liz Hampton | ) www.reuters.com time to read: +2 min

Companies Devon Energy Corp FollowNov 2 (Reuters) - Shares of U.S. shale oil producer Devon Energy (DVN.N) slumped more than 7% on Wednesday on an outlook for higher than expected capital spending and lower than forecast fourth-quarter output. Investors have been pushing U.S. shale companies to hold spending flat and increase oil and gas output at single-digit percentage levels to generate higher returns. However, companies have warned that higher costs for labor, materials and equipment are pushing up spending. Devon forecast fourth-quarter production of between 640,000 and 660,000 barrels of oil equivalent per day (boepd), 2% under the midpoint of investment firm Cowen's estimate. Devon executives told investors the company anticipates higher production in 2023 over 2022, but next year's volumes will be at the bottom half of its targeted 0% to 5% growth rate compared to 2022 exit rates.

Fueled by a post-lockdown buying frenzy, the average UK house price hit a record £275,000 ($315,474) in December, a £27,000 increase on the previous year’s high. UK mortgage rates have been ticking upwards since spring, in line with rising interest rates. UK house prices fell 0.9% between September and October, the first decline in 15 months, according to data from Nationwide. A drop in buying power makes a significant drop in house prices inevitable, according to Andrew Wishart, a senior economist at Capital Economics. When house prices fall, homeowners feel less confident about their personal finances, causing them to cut back on spending and hold off on making additional investments.

☆ Democratic Gov. Gretchen Whitmer faces off against Trump-backed Republican Tudor Dixon in Michigan's governor race
▼ + stars: | 2022-10-31 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Gretchen Whitmer is facing off against Republican Tudor Dixon in Michigan's gubernatorial election. Trump backed Dixon before her primary win and she has raised unfounded questions about the 2020 election. Gretchen Whitmer is seeking reelection against former media personality and Trump-backed Republican Tudor Dixon. But as recently as this past summer, Dixon raised the unfounded claim that Trump won Michigan in 2020. What experts sayThe race between Whitmer and Dixon is rated as "tilt Democratic" by Inside Elections, "likely Democratic" by The Cook Political Report, and "likely Democratic" by Sabato's Crystal Ball at the University of Virginia Center for Politics.

☆ Obama barnstorms Midwest in play to salvage Democrats' 'Blue Wall'
▼ + stars: | 2022-10-30 | by ( Natasha Korecki | Natasha Korecki Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +6 min

MILWAUKEE — Barack Obama did the unthinkable in his 2008 presidential bid, turning out voters in droves to solidify a “Blue Wall,” with decisive wins in Wisconsin, Michigan and Pennsylvania. "Look, listen — hey, hold on, hold on — hold on, hold up — hold on a minute! In both Wisconsin and Michigan, Obama discussed reproductive rights for women. Obama dominated Wisconsin, Michigan and Pennsylvania in 2008 and 2012, only for Donald Trump to capture those same states in 2016. The Senate race is tied.

☆ WATCH: Obama responds to heckler while speaking out against attack on Nancy Pelosi's husband
▼ + stars: | 2022-10-30 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Former President Obama was interrupted by a heckler as he spoke about the attack on Paul Pelosi. Obama remarked on the assault during a Michigan rally, where he spoke of the need for civility. Paul Pelosi, the husband of House Speaker Pelosi, was attacked in their California home late last week. Gretchen Whitmer and other Democrats, Obama spoke of the need for civility, a throwback to his calls for bipartisanship during his first presidential campaign in 2008. Immediately after Obama called on lawmakers to reject dangerous rhetoric — with his mind on the attack on Paul Pelosi, the speaker's husband, at the couple's San Francisco home — the heckler began yelling at the former president.

Oz, Fetterman disagree on student debt cancelation Both candidates were asked how they would address the cost of higher education, but neither provided a concrete plan. Instead, Fetterman and Oz made clear their differing views on President Biden's plan to cancel up to $20,000 in federal student debt. Share this -Link copiedFetterman calls Oz a liar and talks up stroke recovery Fetterman was asked about his qualifications for office to open the debate. Share this -Link copiedMeanwhile in N.Y.: Hochul, Zeldin clash in feisty governor's debate As the Pennsylvania Senate candidates get ready for debate, the New York gubernatorial debate is already well underway. Share this -Link copiedPa. Senate independent candidate drops out, endorses Fetterman Everett Stern, an independent write-in candidate in the Pennsylvania Senate race, announced Tuesday that he’s dropping out and endorsing Democrat John Fetterman.

☆ Stock pickers are still positioned for a Fed 'soft landing,' mutual fund holdings show
▼ + stars: | 2022-10-26 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Actively managed mutual funds have maintained their pro-cyclical stance with overweights in consumer discretionary and industrials, while having a sizeable underweight in consumer staples, Bank of America's monthly analysis of fund holdings showed. "Long-only mutual funds appear to be expecting a soft landing," Savita Subramanian, BofA Securities head of U.S. equity and quantitative strategy, said in a note. Still, mutual funds are not well positioned to hedge against stubborn inflation or a strong dollar. So far this year, 39% of large cap active funds are outperforming their benchmarks, higher than the 35% average over the past decade, Bank of America said.

ET in the state's Senate race, followed by a gubernatorial debate between Democratic Gov. Share this -Link copiedPa. Senate independent candidate drops out, endorses Fetterman Everett Stern, an independent write-in candidate in the Pennsylvania Senate race, announced Tuesday that he’s dropping out and endorsing Democrat John Fetterman. And 38% of those surveyed had favorable views of Oz, while 50% had unfavorable views of him. Republican nominee Mehmet Oz is a former cardiothoracic surgeon and TV host endorsed by former President Donald Trump. John Fetterman, Pennsylvania’s Democratic lieutenant governor, will face Republican Mehmet Oz, a celebrity TV doctor, in the only debate of the race to succeed retiring GOP Sen. Pat Toomey.

☆ Steve Jobs and U2 ate quiche and drank green tea as they thrashed out a deal that marked the end of the band's refusal to do commercials
▼ + stars: | 2022-10-24 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

In 2004, U2 told Steve Jobs that the band's single "Vertigo" would be a "perfect fit" for Apple's ads. U2 thrashed out the deal at Jobs' home in Palo Alto, California, per the memoir. Bono recalled the band's trip to Steve Jobs' "low-key Tudor-style" home. He told Jobs: "We don't want cash. As part of the deal, Apple produced a special-edition U2-branded iPod and offered the band's single "Vertigo" exclusively through iTunes.

☆ Steve Jobs never locked the front door of his Palo Alto house, which had an English-style cottage garden full of wildflowers and 'stuff you could eat,' U2's Bono says in memoir
▼ + stars: | 2022-10-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Steve Jobs never locked the front door of his modest Palo Alto house, Bono wrote in his memoir. The U2 frontman described the house as "low-key" and said Jobs grew food in his cottage garden. "Steve lived with his wife, Laurene, and their three kids in a low-key Tudor-style house on a prosperous street in Palo Alto, California," Bono wrote. "Their Anglophilia also inspired a cottage garden full of wildflowers and stuff you could eat, with a gate opening yards from a front door he never locked." Walter Isaacson, Jobs' autobiographer, similarly noted that he usually kept the back door unlocked and didn't have a security fence.

The Florida Democratic Party noted it has had a Municipal Victory Program since 2016 that includes efforts to fundraise and help school board candidates. Historically, it hasn’t taken a lot of cash to influence school board races, which are generally nonpartisan and often draw low voter turnout. In a 2018 survey, just 9 percent of school board officials reported spending more than $5,000. “What Ron DeSantis is doing in Florida — supporting a bunch of these school board candidates — is really smart, because the No. Some of the liberal efforts to push back against conservatives in school board races are well established.

Baker is the first oilfield services firm to report quarterly results, and its beat bodes well for rivals Schlumberger (SLB.N) and Halliburton (HAL.N), both of which report in coming days. On an adjusted basis, Baker Hughes posted a profit of $264 million, or 26 cents a share, up from $141 million a year earlier. The profit topped analysts' forecasts for around 24 cents per share, according to Refinitiv data. The company anticipates double-digit revenue growth in its international oilfield services business in 2023 and modest growth in its North America business, driven largely by public firms. Its oilfield business segments accounted for about 63% of its revenue during the quarter through September.

☆ Michigan GOP gubernatorial nominee Tudor Dixon says 'single women working' lead 'a pretty lonely life'
▼ + stars: | 2022-10-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Dixon said that the incumbent governor's "dream for women" is to have "single women working." Gretchen Whitmer of not providing support for families in the state, arguing that the governor favored "single working women" who have "a pretty lonely life." Single women working. Single women working. I think that's pretty twisted," Dixon told the newspaper.

☆ A Goldman Sachs alum turned crypto exec breaks down why Wall Street's next push into digital assets will be through bitcoin
▼ + stars: | 2022-10-15 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

John Haar, a managing director at digital asset services platform Swan Bitcoin, previously had a 12-year stint at Goldman Sachs. He says bitcoin is the biggest contender to gain traction in legacy finance and pull institutional interest in further. Investors saw the first wave of institutional interest in crypto through bitcoin as well. First, the value prop of bitcoin, Haar says, is the concept of "sound money," a currency that isn't prone to a sudden depreciation or appreciation in value. "I think Bitcoin is an easier sell, but I think we're still very early in terms of them potentially getting on board.

☆ A Tudor-tinged library at Cambridge University designed to last for 400 years has been crowned Britain's best new building
▼ + stars: | 2022-10-14 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A Cambridge University library has been awarded a prestigious prize as Britain's best new building. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyA library at Cambridge University designed to last for 400 years has been named as Britain's best new building. The interior of Magdalene College library. It replaces the "cramped" study spaces from the 17th century Grade I-listed Pepys Library. Nick KaneMagdalene College, one of 31 colleges forming Cambridge University, was founded in 1542 by Lord Audley.

☆ Cash is king again as money managers are in no rush to embrace risk with Fed raising rates
▼ + stars: | 2022-10-12 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Asset managers rushed to the sidelines as they expect more ugly moves for risk assets amid the Fed's inflation fight. Money market funds are also yielding better returns than previous years after Treasury yields got pushed up by rate hikes. Global money market funds saw $89 billion of inflows for the week ending Oct. 7, the largest weekly injection into cash since April 2020, according to data from Goldman Sachs' trading desk. Meanwhile, mutual fund managers are also holding a record amount of cash, the data said.

☆ As the 3rd-quarter reporting season begins, markets are bracing for signs of a recession that could send stocks into a deeper bear market
▼ + stars: | 2022-10-11 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

The Fed's aggressive tightening is setting off more warnings about a recession and fallout for the stock market. Ahead of JPMorgan's quarterly report, CEO Jamie Dimon said the economy is on the verge of a recession, and the stock market could fall another 20%. But most importantly, it's Russia's war against Ukraine that is most unsettling to markets and poses a great risk. Meanwhile, billionaire hedge fund manager Paul Tudor Jones said a "recession playbook" could see stocks fall 10% further. PayPal stock fell after a botched roll-out of an acceptable use policy update that included big fines for the promotion of misinformation.

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